Nine Bitcoin ETFs Increase Holdings
Nine spot Bitcoin exchange-traded funds (ETFs) launched in January 2024 have seen an increase in their Bitcoin holdings. Blackrock’s IBIT now has 72,466.64 Bitcoin valued at $3.12 billion, while Fidelity’s FBTC holds 60,054.87 Bitcoin valued at $2.58 billion.
Blackrock and Fidelity Hold Almost 75% of Bitcoin
Among the newly launched ETFs, Blackrock’s IBIT is the largest holder of Bitcoin, apart from Grayscale’s GBTC. IBIT holds 0.369% of the total global Bitcoin supply, while FBTC holds 0.306%.
Other ETFs Accumulate Bitcoin
ARKB has 15,890 Bitcoin, BITB has 15,053.66 Bitcoin, Invesco Galaxy ETF has 7,081 Bitcoin, HODL ETF has 2,998.48 Bitcoin, BRRR ETF has 2,649.46 Bitcoin, EZBC has 1,479 Bitcoin, and BTCW has 276 Bitcoin. These ETFs collectively hold 177,949.11 Bitcoin, valued at $7.62 billion.
Total Bitcoin Holdings of ETFs and GBTC
Combined, all ten ETFs, including GBTC, hold 656,286.54 Bitcoin, representing 3.345% of the total Bitcoin supply. GBTC itself holds 478,337.43 Bitcoin after divesting 138,742.56 Bitcoin. Despite the emergence of new ETFs, GBTC remains the largest holder of Bitcoin with 2.687 times more reserves than all nine funds combined.
Hot Take: ETFs Increase Bitcoin Holdings, but GBTC Maintains Dominance
Nine newly launched Bitcoin ETFs have increased their Bitcoin holdings significantly. However, Grayscale’s GBTC, which pioneered Bitcoin investment, remains the largest holder of Bitcoin with substantial reserves compared to all the other funds combined.
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